Copper Mesa provides update to agreement with Nortec Ventures

About this update from Vital Energy Inc.

[{"type":"text","content":"\n\n\n\nVANCOUVER, June 24 /CNW/ - Copper Mesa Mining Corporation ("Copper Mesa"\nor the "Company") (TSX:CUX) today announced that Nortec Ventures Corporation\n("Nortec") elected not to make to Copper Mesa an agreed upon installment\npayment, part of a stream of such payments which would have totaled up to $5.5\nmillion (U.S.), in connection with Nortec's acquisition of a subsidiary of the\nCompany that controls the majority of its Ecuadorian assets. This payment of\n$70,000 (U.S.), originally due June 16, 2009, had already been extended by the\nCompany to June 23, 2009. Nortec reportedly decided to withhold the payment\ndue to a purported concern in title to one of the subsidiary's properties.\n\n\nThe Company intends to continue discussions with Nortec to resolve this\nmatter. In the interim, Copper Mesa has commenced preliminary discussions with\nother parties that had previously expressed an interest in the Company's\nassets.\n\n\nAbout Copper Mesa Mining Corporation\n\n\nCopper Mesa is a mineral exploration and development company focused on\nadvancing into production its two key past-producing copper properties, the\nZonia and Emerald Isle mines in Arizona, USA. www.coppermesacorp.com\n\n\nThis press release may contain forward-looking statements that are based\non Copper Mesa's expectations, estimates and projections regarding its\nbusiness and the economic environment in which it operates. These statements\nare not guarantees of future performance and involve risks and uncertainties\nthat are difficult to control or predict. Therefore, actual outcomes and\nresults may differ materially from those expressed in these forward-looking\nstatements and readers should not place undue reliance on such statements.\nStatements speak only as of the date on which they are made, and the Company\nundertakes no obligation to update them publicly to reflect new information or\nthe occurrence of future events or circumstances, unless otherwise required to\ndo so by law.\n\n\n%SEDAR: 00022376E\n\n\n","length":2094,"tagName":"div"}]

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